U.S. equity markets are experiencing a mixed premarket session on Thursday, December 11, 2025, as investors digest the implications of the Federal Reserve's latest interest rate cut and react to significant corporate earnings news. While dip buyers have stepped in to temper earlier losses, particularly in tech, concerns about the profitability of artificial intelligence (AI) investments are weighing heavily on sentiment following a disappointing outlook from a major cloud provider.

Premarket Activity and Futures Movements

Early trading saw U.S. stock futures fall sharply, with Dow Jones futures initially dropping 0.5%, S&P 500 futures declining 0.8%, and Nasdaq 100 futures falling 1.1%. This initial downturn was largely attributed to a significant slump in Oracle shares after its earnings report. However, as the morning progressed, futures pared most of these losses. Dow Jones contracts were hovering near the flatline, while S&P 500 futures slipped approximately 0.3% to 0.9%, and Nasdaq 100 futures were down between 0.4% and 1.1% less than two hours before the opening bell. The S&P 500 futures were trading around 6849.25, down 0.62% at one point. This stabilization suggests that some investors are viewing the pullback as a buying opportunity, though caution persists, especially within the technology and AI sectors.

Major Market Indexes: Yesterday's Performance and Today's Trends

Yesterday, Wednesday, December 10, 2025, saw a robust performance across major U.S. indexes. The Dow Jones Industrial Average rallied 1.05%, the S&P 500 gained 0.67%, and the Nasdaq Composite added 0.33%. The S&P 500 notably came within five points of setting a new all-time closing record, while the Dow was within 200 points of its own. The small-cap Russell 2000 even managed to set a new all-time high for the second consecutive session. This rally was fueled by the Federal Reserve's decision to cut its key interest rate to a range of 3.5% to 3.75%, marking the third consecutive reduction this year. The Fed also announced plans to resume quantitative easing by purchasing approximately $40 billion in shorter-maturity Treasury bills per month.

However, today's premarket action reflects a slight reversal of that positive momentum. The US500, a CFD tracking the S&P 500, fell to 6867 points, losing 0.28% from the previous session. Despite this daily dip, the index has climbed 0.24% over the past month and is up a significant 13.48% compared to the same time last year.

Key Market Events on the Horizon

Today, Thursday, December 11, 2025, brings several important economic data releases that could influence market direction. Investors will be closely watching the Producer Price Index (PPI) data, scheduled for release at 08:30 AM ET, and the Weekly Economic Index at 11:30 AM ET. Additionally, U.S. Unemployment Claims data and the Interest Rate Decision from the Swiss National Bank (CHF) are also on the economic calendar.

The earnings calendar is also active, with several companies reporting before and after the market opens. Before the opening bell, Ciena Corporation (CIEN), Hooker Furnishings (HOFT), Manchester United (MANU), The Lovesac Company (LOVE), Imperial Petroleum (IMPP), and SailPoint, Inc. (SAIL) are expected to release their quarterly results. After the market closes, major reports are anticipated from Broadcom (AVGO), Costco Wholesale (COST), Lululemon Athletica (LULU), Quanex (NX), and RH (RH). These reports, particularly from tech and retail giants, could provide further insights into consumer spending and corporate profitability.

Major Stock News and Developments

The most significant corporate news driving today's market is the substantial premarket plunge of Oracle (ORCL), which saw its shares slump more than 11% to 13%. The cloud-computing giant missed revenue estimates, reported weaker-than-expected cloud sales, and issued soft guidance. Furthermore, Oracle projected a staggering $15 billion increase in spending for 2026, bringing its total capital expenditure outlook to $50 billion. This announcement has reignited concerns among investors about the immense capital outlays required for AI infrastructure and whether these massive investments will yield immediate and sufficient returns, casting a shadow over the broader tech and AI sectors.

The negative sentiment surrounding Oracle has spilled over to other prominent AI-related stocks in premarket trading. Nvidia (NVDA) was down 1.4% to 1.5%, Microsoft (MSFT) slipped 0.4%, Amazon (AMZN) fell 0.6%, Alphabet (GOOGL) declined 0.2%, Meta Platforms (META) was down 0.7%, and Tesla (TSLA) lost 0.5%. Chipmaker Advanced Micro Devices (AMD) also saw a 1.1% loss.

In contrast, Apple (AAPL) managed to edge up 0.3% in premarket trading. Broadcom (AVGO) was down 1.5% to 1.92% ahead of its highly anticipated quarterly earnings report due after the closing bell. Similarly, Costco Wholesale (COST) was slightly higher in premarket, with its earnings also expected after market close.

Other notable corporate news includes Coca-Cola (KO), which saw its stock tick higher after announcing that CEO James Quincey will step down in March, to be succeeded by operating chief Henrique Braun.

On the premarket gainers list, AXIL Brands (AXIL) surged an impressive 111% after securing a distribution deal with Walmart. Planet Labs (PL) was up 18% to 19.01% following its earnings report, while Nextdoor Holdings (NXDR) climbed 17.79% to 25.1%. Mawson Infrastructure Group (MIGI) saw a strong gain of 36.57%, and AGAPE ATP CORP (ATPC) rose 98.24%.

Conversely, besides Oracle, other premarket losers included Argo Blockchain (ARBK) down 9.35%, Cemtrex Inc. (CETX) down 9.47%, and Radcom Ltd. (RDCM) down 11.8%.

Today's trading session is poised to be dynamic, with the market carefully balancing the Federal Reserve's dovish stance against renewed concerns about the sustainability and profitability of large-scale AI investments, as highlighted by Oracle's results.